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GBPUSD tumbles lower after floor is broken at 1.2687

The GBPUSD broke lower in trading today after falling below a floor area between 1.2687 to 1.26988 area. That increased selling pressure and the price has now reached and breached the 38.2% of the move up from the May 25 low at 1.26413. The pair has targets at 1.2624, another swing target at 1.2599, and 50% of the move up from the May 25 low at 1.25775. It will take a move back above the broken swing floor to really hurt the short-term downside bias. This article was written by... Read More

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Content Topics

Gbpusd

Tumbles

Lower

After

Floor

Broken

2687

1 2687

Forex

Posted: Jun 28 2023, 13:55

Author Name: forexlive

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